Labor's Share of Income di Minghai Zhou edito da Springer Singapore
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Labor's Share of Income

Another Key to Understand China's Income Inequality

EAN:

9789811001727

ISBN:

9811001723

Pagine:
240
Formato:
Hardback
Lingua:
Inglese
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Descrizione Labor's Share of Income

This book analyzes the decrease in labor share in China, which is a ratio of national income distribution to capital at three different levels (macro, meso, and micro) and from three different perspectives (growth, transition and opening up). The worsening income distribution has been a key issue for both Chinese and global economies in recent decades. The book shows that the decrease in labor share is closely related to economic growth, increasing extent of globalization, and firms with heterogeneous characteristics. Moreover, the book explains income inequality in detail, focusing on Chinäs increasingly important and emerging economy.

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